BlackBerry shares fall to lowest value in a decade

BlackBerry's shares have tumbled to their lowest value in a decade after the company announced that it is abandoning its bid to find a buyer.

The firm's shares dropped by 17% to $6.43 on the Nasdaq following the news of a revised investment offer that will see it receive $1 billion investment from Fairfax Financial Holdings and other sources.

BlackBerry

BlackBerry held talks with Cisco, Google, SAP, Lenovo, Samsung and Intel about selling all or part of its smartphone business before accepting Fairfax's investment offer, according to Reuters.

The latest figures from market tracker Kantar Worldpanel ComTech suggest that BlackBerry's share of the smartphone sector continues to decline across the world, now accounting for 3% of the UK market and just 1% of the US market.